Odaily Planet Daily News: Following the historic bull market rebound of Bitcoin in November and December, its price has consolidated between $92,000 and $99,000, well below its 20-day Exponential Moving Average (EMA) and approaching its 50-day EMA. However, since October 2024, the price of BTC has remained above its 200-day EMA, which is a key support level, with the Relative Strength Index (RSI) currently at 42, indicating that the digital asset is neither overbought nor oversold. The Bitcoin Taker buy-sell ratio, an indicator measuring market sentiment, is currently at 0.92. When this indicator falls below 1, it indicates that bears control the market, while a value above 1 indicates that bulls are in control. TradingView writer 'The ForexX Mindset' recently warned investors that a market crash could drive Bitcoin's price down to around $81,500. He believes that the rise in USDT market dominance signals a decline in Bitcoin's price, suggesting that investors are seeking safe-haven assets and preparing for potential market shifts. Technical analyst Aksel Kibar has similarly predicted that Bitcoin's price will retrace to around $80,000. This trader stated that the classic head-and-shoulders pattern suggests that Bitcoin may pull back in the coming days and weeks. Despite these on-chain indicators sending bearish signals and market traders remaining cautious, the funding rate for BTC perpetual futures contracts remains positive, indicating that long position traders still control the market and are willing to pay fees to short traders to maintain their positions. (Cointelegraph)

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